Bernanke Should Get Credit for Dow Record

With all the encomiums delivered on the occasion of the Dow Jones Industrial Average record having been attained Tuesday, the credit clearly should go to the Federal Reserve led by Ben Bernanke.

By nailing interest rates to the floor and tripling the central bank's balance sheet to over $3 trillion, the monetary authorities have incalculably added to the value of the equity market. Well, not quite. Here are some impressive...